Shell nominates Asia Sept MEG $110/tonne lower

08 August 2008 06:07  [Source: ICIS news]

SINGAPORE (ICIS news)--Anglo Dutch monoethylene glycol (MEG) major Shell Chemicals has lowered its September nomination by $110/tonne from last month, a company source said on Friday.

Shell’s September nomination was pegged at $1,150/tonne CFR (cost and freight) Asia, the source added.

This was a significant drop from its August nominated price of $1,260/tonne CFR Asia, and is similar to MEGlobal’s price nomination of $1,150/tonne CFR Asia.

MEG is used to make polyester fibres and yarns and polyethylene terephthalate (PET) chips.

Salmon Aidan Lee contributed to the story
For more on MEG visit ICIS chemical intelligence
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By: Jeremiah Chan
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